Fitch Lowered India GDP Growth to 5.1%

Published on March 20, 2020
Current context: Fitch Ratings has cut India's growth forecast to 5.1% for FY 2020-21 on 20th March 2020.
Fitch Lowered India GDP Growth to 5.1% 
  • The Fitch Ratings gave the reason of the coronavirus outbreak, which is likely to hit business investment and exports.
  • In December 2019, Fitch had projected India's growth at 5.6 % for 2020-21 and 6.5 % for the following year.
  • The rating agency has said that the business investment and exports are expected to be hit by the Supply-chain disruptions.
  • Fitch Ratings Inc. is an American credit rating agency.
  • Headquarters: New York, United States
  • CEO: Paul Taylor


Q.1 The Fitch Ratings has recently cut India's growth forecast to _________% for FY 2020-21?
a. 5.5
b. 5.4
c. 5.2
d. 5.1

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